Recoil in EUR/CHF Prolongs

Trading in the pair is on the upside, as the recoil from 1.1387 prolongs. Following pivot points include: (S1) 1.1497; (P) 1.1511; (R1) 1.1526.

Overcoming of 1.1622 will point out uptrend resumption. Continuation of consolidation in the pair is possible. Downtrend should be contained by support 1.1257.

A long term growth is still in progress. EUR/CHF can target at 1.2000. This will be the favored case as long as resistance turned support 1.1198 keeps.